BREAKING: Plasma (XPL) Crashes 23.8% in 24 Hours to $0.11
Plasma (XPL) experienced a dramatic 23.8% price decline over the past 24 hours, falling to $0.113703 as of April 3, 2026, 20:44 UTC. The cryptocurrency, currently ranked #136 by market capitalization, saw its market cap drop by $86.4 million to $269.4 million.
Price Action and Trading Volume
XPL opened the 24-hour period at approximately $0.149 before plummeting to a low of $0.111396. The token briefly recovered to a high of $0.155706 but failed to sustain momentum. Trading volume surged to $341.6 million, indicating significant market activity during the selloff.
The token showed a slight recovery in the past hour, gaining 0.78%, suggesting potential stabilization at current price levels. However, the sharp 24-hour decline represents one of the most significant single-day drops for Plasma in recent months.
Market Performance Context
Despite today’s dramatic fall, Plasma remains up 28.5% over the past week, indicating the asset had experienced a recent rally before the correction. The 30-day performance shows a more modest decline of 2.9%.
XPL is currently trading 93.2% below its all-time high of $1.68, reached on September 28, 2025. The token is trading 55.6% above its all-time low of $0.073026, recorded on February 6, 2026.
Supply and Valuation Metrics
With a circulating supply of 2.375 billion tokens out of a total supply of 10.04 billion, Plasma’s fully diluted valuation stands at $1.14 billion. The significant gap between market cap and fully diluted valuation suggests substantial future token unlocks could impact price action.
Market Implications
The $341.6 million in 24-hour trading volume—exceeding the current market cap—indicates heightened volatility and strong selling pressure. Market participants are closely monitoring whether the current price level of $0.11 will hold as support or if further downside remains possible.
No official statement has been released by the Plasma team regarding the price movement at the time of publication. Traders and investors are advised to exercise caution amid the elevated volatility.
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